In a bid to strengthen the Nigerian economy, in the wake of the global pandemic and its negative effects on businesses, the Federal Government has announced some palliatives aimed at assisting Small and Medium Scale Enterprises.
Vice President Yemi Osinbanjo, SAN, via Instagram said, the Federal Government has issued a set of palliatives to help MSMEs wade through the current economic fallouts of the COVID-19 pandemic.
According to him, these palliatives reflect the Buhari administration’s determination to support MSMEs and the priority the Federal Government places on small businesses.
The palliatives are: E-Registration of MSMEs/products at 80% discounted rate over a period of six months.
Zero tariffs for the first 200 micro and small businesses to register on the E-platform.
Waiver on administrative charges for overdue late renewal of expired licenses of micro/small businesses products for a period of 90 days.
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